Exercise 11-41 (Static) Net Realizable Value Method (LO 11-3) Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the costs to process PM-20 are $524,000 for materials and $196,000 for conversion costs. The results of the processing follow: Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method